Fogel
Mr. Poopybutthole
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The volume for NVDA for example is still pretty high even at these levels, so clearly there's enough buyers even if some are cashing out.
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Investing General Discussion
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The volume for NVDA for example is still pretty high even at these levels, so clearly there's enough buyers even if some are cashing out.
Jysin
Ahn'Qiraj Raider
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Retail would likely chase shit like NVDA. The smart money will be rotating from tech into other lagging sectors like small and mid caps (IWM). If the rotation dies, we get more than a pullback. I just dont see it yet. Sentiment is far too bullish and pullback dips have been aggressively bought up.
Tomorrow is quad witching OPEX and going into a 3 day weekend. (Markets closed Monday). If there were ever a time for profit taking, it would be then.
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Jysin
Ahn'Qiraj Raider
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Then you get after hours data releases like this:
(US) Fed releases factors affecting reserve balances (H.4.1): Discount window borrowing rose to $3.62B v $3.20B w/w; Banks have borrowed $102B v $100.2B w/w from new BTFP facility [6th week of consecutive increase]
6th straight week of bank lending increases. This, gentlemen, is your real answer why Fed paused. "Resilient" I believe is Powell's mantra on banks.
Just as I posted this, get an update from:
(US) Fed releases factors affecting reserve balances (H.4.1): Discount window borrowing rose to $3.62B v $3.20B w/w; Banks have borrowed $102B v $100.2B w/w from new BTFP facility [6th week of consecutive increase]
6th straight week of bank lending increases. This, gentlemen, is your real answer why Fed paused. "Resilient" I believe is Powell's mantra on banks.
Just as I posted this, get an update from:
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ShakyJake
<Donor>
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Falstaff
Ahn'Qiraj Raider
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I work for one of the big boys its why I mostly only post memes or shit post in this thread, never anything serious... not that I think my employer will ever trace me here.
But I am also supposed to disclose any of my family accounts too, or those living with me, including retirement accounts etc.
Thankfully I don't work on the private side otherwise I would have to pre-clear trades before I even made them, if they even let me trade (usually they don't). All I have to do is make sure nothing is on the internal restricted list and I have to hold it for 30 days.
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Jysin
Ahn'Qiraj Raider
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Tmac
Adventurer
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What are some good ways to identify lagging sectors? This is something that I've been trying to identify for the last two years, but haven't found (here or otherwise) any resources to help identify what those might be.
When I looked at the QQQ last week, my first thought was to start investing in an index that's due for an uptick, but had no idea how to identify it.
Gravel
Mr. Poopybutthole
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Don't forget the lessons of the 2008 Recession.
Tons of people sold at the bottom and didn't buy back in until 2012, 2013, or later.
There's probably a fuck load of money sitting on the sidelines still and they'll buy at exorbitant prices. We may be seeing some FOMO buying as people hope they don't miss the run up.
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ShakyJake
<Donor>
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I think the relative performance of Financials, Real Estate, Consumer Defensive, Healthcare, Utilities, and Energy are behind everything else YTD.
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Cad
scientia potentia est
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Are you guys privy to any MNPI? If not I'd probably tell them to get fucked and go somewhere else if you want to trade. If they think they can control your stock trading (assuming you don't get MNPI) what else do they want to control?
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Rod-138
Trakanon Raider
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No, just regular stonks trading. Sadly, I think its par for the course in the industry once you get to a certain level of overlords. Also, you hear and assume lots of nightmare scenarios once you get bought out and while lots of them have been true, and shitty, they mostly leave us alone. You can feel the pressure coming from their compliance team, but at the same time they know we have been very successful for a small firm and they're trying to keep their lawyers happy and keep us producing without fucking it up. I'm sure lots of you have gone through the same thing with acquisitions, but yeah, I've had to consent to my trading being monitored, but never pre-authorized! I think my whine is just.
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TJT
Mr. Poopybutthole
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I have some friends who work at here in Austin at Charles Schwab. They are under similar restrictions too. Another friend of mine works at a big finance firm and although he's a software developer they give him the weird bank titles. Like he's a senior vice president but he's just a developer. This causes tech firms to contact him for the big money c-suite jobs until they realize he's just a senior developer experience wise.
Sanrith Descartes
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